Apple Inc. (NASDAQ:AAPL) is M3 Advisory Group LLC’s 6th Largest Position

M3 Advisory Group LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,525 shares of the iPhone maker’s stock after acquiring an additional 289 shares during the period. Apple accounts for approximately 3.1% of M3 Advisory Group LLC’s investment portfolio, making the stock its 6th biggest position. M3 Advisory Group LLC’s holdings in Apple were worth $4,389,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Bull Oak Capital LLC grew its stake in shares of Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after buying an additional 111 shares during the period. Christopher J. Hasenberg Inc grew its stake in shares of Apple by 88.9% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after buying an additional 144 shares during the period. SPX Gestao de Recursos Ltda purchased a new stake in shares of Apple in the 3rd quarter valued at approximately $71,000. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Apple in the 3rd quarter valued at approximately $77,000. Finally, ARK Investment Management LLC purchased a new stake in shares of Apple in the 3rd quarter valued at approximately $110,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Price Performance

Shares of AAPL opened at $212.69 on Wednesday. The firm’s fifty day simple moving average is $233.31 and its 200-day simple moving average is $233.60. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $3.20 trillion, a price-to-earnings ratio of 33.76, a PEG ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Equities analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.47%. Apple’s dividend payout ratio is currently 15.87%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Wells Fargo & Company increased their price target on shares of Apple to $275.00 and gave the company a “buy” rating in a research note on Monday, December 9th. KeyCorp reaffirmed an “underweight” rating and set a $200.00 price objective on shares of Apple in a research report on Friday, January 31st. Citigroup increased their price objective on shares of Apple from $255.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, DA Davidson set a $290.00 price objective on shares of Apple in a research report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $243.65.

Apple Company Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.